Sales Finance Manager - Alco Beverages Industry - CA

Sales Finance Manager _ Alco Beverages Industry _CA

Urgent Hiring with the leading Alco Beverages Industry for the Position of Sales Finance Manager for the Goa Location.

Job Title: Sales Finance Manager

Qualification: CA

Location: Goa

Budget : Upto 30 LPA

KEY RESPONSIBILITIES :

Financial Accounting :

Books of Accounts & Document Management :

- Periodic review of the trial balance for the regions to ensure compliance with company & generally accepted accounting principles and drive closure of items require attention.

- Complete ownership of Region trial balance.

Statutory Compliance :

- Ensure statutory compliance with Zero non compliance of relevant statute applicable to business through Region Finance Managers.

- Ensuring on time deposit of tax payable (VAT, Sales Tax, C Form, Shops and Establishment fees etc.), correct filing of returns matching with books of accounts, closing tax assessments within a year through Region Finance Manager.

- Implement system of identifying potential tax liability under various statute applicable to factory, its recording and reporting.

- Drive system of collection and safe keeping of EVC, C/F/H/E1 Forms within the statutory time period.

Audit :

- Ensure timely completion of various audits i.e. statutory, GAAP, tax & internal audits through regional finance manager.

- Monitor implementation of Internal Audit recommendations and share monthly updates with Zonal Head.

Safeguarding Assets :

- Ensure adequate insurance cover is taken for all company assets, including cash in hand, lying in Region with the help of Region Finance Manager.

- Setting up system of physical asset verification and identifying impairment. Yearly physical verification by Region Finance Manager.

Internal Control & Internal Check :

- Complete understanding of internal control policies of the company.

- Educating team & ensure adequate internal control is implemented.

- Exception reporting and initiative to institute compliance.

- Setting up system of internal checks to enable internal control.

- Periodic review to assess implementation of internal process/policies and check. Share report with Region Head and Zonal Head.

Receivable Management :

- Implementation of credit management policy, monitor credit risk & receivable reporting.

- Credit limit - Setup yearly limits for all customers of the region and periodic review of the same in comparison to business

- Setting up system to eliminate teaming & lading and balance confirmation.

- Ensure reconciling all debtors at least once a year & twice a year for major customer through Region Finance Manager. Drive closure of open claims within a time frame.

- Ensure implementation of system of update recording of customer claim and settling within 15 days of receiving the claim.

- Implement continuous System of ensuring that no market commitment is unrecorded in books.

- Drive System of ROI driven margin agreement with distributors for open markets.

- Monthly Overdue tracking and DSO management to ensure take corrective measures to avoid bad / doubtful debts.

- Develop relationship with region heads and sales team to drive receivable agenda build trust & improved risk visibility.

- Ensure legal back-up for doubtful / bad debts in consultation with Legal team.

Creditors Management :

- Implement continuous system of Creditors reconciliation at least once a year & twice a year for major Creditor along with balance confirmation.

- Implement continuous system of update recording of creditors claim and settling within 15 days of receiving the claim.

- Implement continuous system of ensuring that no supplier commitment is unrecorded in books.

- Review of open POs and drive closure of POs > 90 days.

- End to end control for zonal marketing budget - review of quotes, approval of bills in compliance with process/policies and statutory laws applicable.

Business performance management :

- Business performance analysis and reporting.

- Budgeting, Latest Estimates and strategic plan.

- Develop financial metrics to measure performance against plan and strategies.

- Set-up / review breakage monitoring of the regions.

- Analysis of monthly performance for ZH review

- Responding to any query from HO thereon

- Develop financial metrics to measure performance against plan/strategies - which may vary from region to region & monitor the same

- Measuring & analyzing the productivity projects undertaken in the zone

Pricing :

- Product pricing management.

- Complete understanding of RTM for all rate areas of East and taxation impacting product pricing.

- Supervision to keep updated ERP system with any tax change/new tax introduction and its accounting through Regional Finance Managers.

Information Management :

- Setting up a system of collection of data, transforming it to information and disseminating it to decision maker.

- Engage with all the stake holders and extract relevant information impacting business & controls and take proactive measure to mitigate the impact.

Business Partnering :

- Proactively provide quality insight of the financial and strategic implication of business actions/strategy to Zone / Region to enable them to take informed decision.

- Identification and quantification of business risk and opportunities and proactively giving insight to business manager and other stake holders

- Conduct market visits to develop relationship with key customers and improve risk visibility.

Project Implementation :

- Assist RFC & ZH to Roll out various projects as required across regions.

- Synergies & Standardization - Driving efficiencies & standardization within regions

People :

- Develop people under you to enable smooth change over.

- Identification of Best practice in the zone for implementation across

- Set up baseline delivery expectations & build zero tolerance in core delivery

- Mentor region finance team to enhance their capabilities and strengthen core delivery

- Provide guidance to enable them resolve issues faced by them and

- Provide timely feedback to team to ensure motivation and quick rectification

FUNCTIONAL SKILLS :

- Reporting & analysis

- Financial accounting & consolidation

- Tax management

- Legal for finance

- Risk management & Internal control

- Cash management & Financing

- Processes & Information Systems

- Business acumen

- Project Management

- Relationship Building